Investor Relations 2023
Financial & Operational Performance
Investor Relations 2023 | stc group
The Enterprise
Business Unit
The Enterprise business unit achieved a
revenue growth of 8.9% due to the Group's
keeping pace with the rapid technology
development and digital transformation in
the Kingdom.
5G
stc has deployed more than 7,300 5G
towers as the end of 2022. An additional
500 5G towers are expected to be
deployed in 2023 with an additional 1000
5G colocation sites.
The Commercial
Unit
The Commercial unit revenues increased
by 6.7%, attributed to the growth in
mobility revenue by 7.9%, whereas the
residential segment registered 0.9%
revenue growth.
FTTH & FWA
FTTH subscribers increased by 1.5%
FWA subscribers increased by 20.2%
Working Lines increased by 6.6%
The Carrier &
Wholesale Unit
The Carrier & Wholesale unit was able to
achieve positive results, as its revenue
grew by 6.0%, supported by the increase in
its National and International revenues by
8.3% and 5.1% (respectively).
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